Based only on your answers to question #1, do you think the company achieved its

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sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target.

Feb 22nd, 2015

The target revenue for 2009 will have to be $9167. That is 10% more of $8334. Based on the year-to-year percentage annual growth rate, it is unlikely that the company is going to be able to achieve their sales goal. In 2008, the company had a significantly large growth rate. They had a small growth rate, which was a little over 2% of the 10% goal and 2005 and a relatively strong negative percentage during 2006 and 2007. The trend in sales is pointing at a downward arrow. Since the year 2005, the average growth rate has been -3.15% over the past four years. Based on the financial data sheet, I do not believe that the company will be able to reach a 10% sales goal and 2009.

Feb 22nd, 2015

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Feb 22nd, 2015
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